What Congressman Rooney Left Out

Letter to the Editor

April 25, 2018

On April 18 Francis Rooney wrote a Guest Commentary touting the tax cut. This is some of what he failed to mention:

The GOP tax bill will cost about $1.4 trillion dollars. And on April 12 Mr. Rooney voted for the Balanced Budget Amendment that would have taken $2.9 trillion dollars from the Social Security surplus. He plans to pay for his tax scam with money from Social Security! After the tax plan has taken full effect in 2027, 80 percent of the benefits would go to the top 1 percent (Congressman Rooney). That amounts to over a million dollars for the 1 percent and $420 for the middle 20 percent. Fifteen Republicans from the tax writing committees in Congress and 53 other Republican members of Congress will benefit by about $300,000. How much will Mr. Rooney benefit? And Mr. Trump? And how much will they benefit from "pass-through" businesses? Most businesses are spending their tax savings on buybacks for the shareholders. And 13 million people will lose their healthcare. Cake for Mr. Rooney and crumbs for us. Can't wait to fill out my postcard tax return next year!